By Wendy Van Sickle
Columbus, Ohio, Sept. 22 – Citigroup Global Markets Holdings Inc. priced $2 million of callable step-up coupon notes due Sept. 22, 2037, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
Interest will be 3.25% for the first five years, stepping up to 3.5% in September 2022, to 3.75% in September 2027, to 4% in September 2032, to 4.5% in September 2034, to 5% in September 2035 and to 6.5% in September 2036. Interest will be payable semiannually.
The payout at maturity will be par.
The notes will be callable at par on any quarterly redemption date after five years.
Citigroup Global Markets Inc. is the underwriter.
Issuer: | Citigroup Global Markets Holdings Inc.
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Guarantor: | Citigroup Inc.
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Issue: | Callable step-up coupon notes
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Amount: | $2 million
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Maturity: | Sept. 22, 2037
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Coupon: | 3.25% for the first five years, stepping up to 3.5% in September 2022, to 3.75% in September 2027, to 4% in September 2032, to 4.5% in September 2034, to 5% in September 2035 and to 6.5% in September 2036; payable semiannually
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Price: | Par
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Payout at maturity: | Par
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Call option: | At par on any quarterly redemption date after five years
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Pricing date: | Sept. 20
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Settlement date: | Sept. 22
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Agent: | Citigroup Global Markets Inc.
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Fees: | 2.25%
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Cusip: | 17290JEJ6
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